Straits Times Index   

STI to cross 3000 boosted by long-term investors

muahaha ha... BSE SENSEX rises 425.82 points (3.12%) to all time high, GREAT!

 

A quick check on top 30 traded stocks on sgx today (Fri), 28 penny and 2 in the non-penny category, of 30 stocks including 2 non-penny, 26 is green and another 4 penny in the red, isit in some form that this week it end with a small help, but with heavy volume that penny is traded on.

Gen Int'l coming in 3rd with a vol of 95 mil share traded, traded a low of 0.96c and a high of 0.995c, it closed off at $0.965, down half cent.

Rekon coming trade week can be seen like it just ended this week and STI can still stay above STI-3000 JJ

 

Back above 3000 already!

Lets hope it maintains it that way!

 

It is going to be with all the hype on IR construction and stocks related to it, bank stocks and those Reit as well as penny stock covering sgx top 10 position till Friday. J

 

The index shown realy promise opening 20 points up to 2,9811.3, market was buoyed by buying interest from institutional investors, they were buying selectively after the sell down, it been mentioned by dealers and also from Frasers Securities Reserach, cited eg of potential tax cut on corporate earnings and the multiplier effects of stock market on property bullish residential, bank stocks, construction, Reit and it consumer market.